Cybermetric Systems's8482; today announced the general availability of Cybermetric Authentication's8482; 1.3, which adds mutual authentication and IP blacklisting to its array of
features. With this release, even small and independent financial institutions can afford the range of security options previously enjoyed only by the largest banking chains, says company
president Chris Doner. We'sre also pleased we can make available such an unprecedented mix of features and flexibility well in advance of the December 31 deadline for compliance with the
FFIEC'ss guidelines for authentication in Internet banking.
What many people may not realize is that the FFIEC mandated a process, not just a milestone, Doner continues. A key component of its guidance is the requirement for financial institutions
to periodically reappraise the risk level for Internet-based products and services and adjust their authentication protocols accordingly. Fortunately, Cybermetric Authentication is
designed to be an extremely agile and easily configurable solution, making it an organic part of an institution'ss ongoing security program.
As a division of Access Softek, Cybermetric Systems is uniquely qualified to offer such banking-friendly authentication tools. We'sre an established software company with nearly two
decades's expertise in the financial sector, Doner says. As a result, our products are designed to integrate seamlessly with all affected systems and processes -- administrative,
reporting, security, call center, and so on - not just secure the front door.
Time and again, we hear from our customers that Cybermetric Authentication is nearly painless to implement and support. So not only do they receive best-of-breed security at an extremely
affordable price, its low cost to operate extends those savings quarter after quarter. This frees them to focus their efforts where risk is greatest - typically high-value or high-volume
transactions - without unnecessarily burdening users of lower-risk services. The bank can tailor its response to match actual threat levels, as part of an ongoing, adaptive process.
And that, we believe, is the message underlying the FFIEC'ss guidance.
About Cybermetric Authentication
At the heart of Cybermetric Systems's multi-factor authentication solution is the Cybermetric Fingerprint's8482; created for each online banking customer and session. Based upon a number
of user- and usage-related metrics, as chosen, weighted, and prioritized by the financial institution, the user and session Fingerprints are compared at the time of login. If the two are
in agreement, the Authentication Engine's8482; accepts the match as a second authenticating factor above and beyond the ID/password -- in normal operation, completely transparent to the
user. With each successful session, the user Fingerprint is updated and fine-tuned, adding additional precision.
Attempts that fall outside of configured parameters or that request access to high-risk or high-vulnerability operations meet with additional layers of security, in the form of challenge
questions or via out-of-band authentication -- for instance, the transmission of a one-time password through email or SMS. At the highest levels of security, extremely critical
transactions can be secured through Cybermetric Systems's browser plug-in or by integration with 3rd-party security systems, such as synchronized hardware tokens or biometric devices.
About Cybermetric Systems
Cybermetric Systems, a division of Access Softek, is dedicated to providing online security and fraud solutions for banks, credit unions, and brokerage firms. All of Cybermetric Systems's
security products are designed to be cost-effective and user friendly -- with the average Internet consumer in mind. Additional news and information about Cybermetric Systems is available
at http://www.CybermetricSystems.com.
About Access Softek
Access Softek, Inc. is a global software development company that for the past twenty years has earned a solid reputation for satisfying the most demanding technical needs of companies in
America, Europe, and Asia. Clients include Microsoft, Apple, Adobe Systems, ITI, Symbol Technologies, H&R Block, Motorola and NEC.